Duyuru • Mar 14
Softchoice Corporation's Shares Expects to Delist from TSX on or About March 14, 2025 Softchoice Corporation (“Softchoice” or the “Company”) and World Wide Technology Holding Co. LLC (“WWT”) announced that an affiliate of WWT, 2672989 Alberta ULC (the “Purchaser”), has completed its previously announced acquisition of Softchoice pursuant to a plan of arrangement (the “Arrangement”) whereby the Purchaser has acquired all of the issued and outstanding common shares of Softchoice (the “Shares”) for CAD 24.50 in cash per Share. The Arrangement, which was announced on December 31, 2024, was approved by shareholders of the Company at a special meeting held on March 4, 2025. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange (the “TSX”) on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws. Duyuru • Mar 13
World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others. World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others for CAD 1.5 billion on December 30, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances.
The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025. As of March 4, 2025, the transaction has been approved by the target shareholders. As of March 6, 2025, the transaction was approved by the Ontario Superior Court of Justice. The transaction is expected to close on or about March 13, 2025.
TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT. Laurel Hill Advisory Group acted as information agent to Softchoice. Laurel Hill will be paid fees which are not expected to exceed CAD 0.06 million. TSX Trust Company acted as transfer agent and depositary bank to Softchoice. KPMG LLP acted as an auditor to Softchoice.
World Wide Technology Holding Co, LLC completed the acquisition of Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners IV, L.P., managed by Birch Hill Equity Partners and others on March 13, 2025. Pursuant to the Arrangement, World Wide Technology acquired all of the issued and outstanding Shares, for a price of CAD 24.50 per Share, or CAD 1,478.242241 million in the aggregate. In connection with the closing of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange on or about March 14, 2025. Softchoice has also applied to cease to be a reporting issuer under applicable Canadian securities laws. Duyuru • Jan 02
Softchoice Expects to Delist from TSX Softchoice Corporation and World Wide Technology announced that they have entered into an arrangement agreement for Softchoice to be acquired by WWT, via an all-cash transaction, which values Softchoice at an enterprise value of approximately CAD 1.8 billion. The company intends to hold the shareholders' meeting in March 2025, where the transaction will be considered and voted upon by shareholders of record. The transaction is also subject to court approval and customary closing conditions, including receipt of key regulatory approvals, is not subject to any financing condition and, assuming the timely receipt of all required key regulatory approvals, is expected to close in late First Quarter or early Second Quarter 2025. Following completion of the transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. Duyuru • Jan 01
World Wide Technology Holding Co, LLC entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion. World Wide Technology Holding Co, LLC ("WWT") entered into an arrangement agreement to acquire Softchoice Corporation (TSX:SFTC) from Birch Hill Equity Partners and others for CAD 1.5 billion on December 31, 2024. Under the terms of the agreement, WWT, through an affiliate, will acquire all the issued and outstanding common shares of Softchoice for a price of CAD 24.50 per share. Following completion of the Transaction, it is expected that the outstanding shares will be delisted from the TSX and that Softchoice will cease to be a reporting issuer in all applicable Canadian jurisdictions. A termination fee of CAD 49 million would be payable by Softchoice in certain circumstances.
The transaction is subject to the approval of Softchoice shareholders, court approval and customary closing conditions, including receipt of key regulatory approvals. The transaction is not subject to any financing condition. The board of directors of Softchoice unanimously approved the transaction following receipt of the unanimous recommendation of a committee of independent directors. The transaction is expected to close in late Q1 or early Q2 2025.
TD Securities Inc. is acting as lead financial advisor to Softchoice, and RBC Dominion Securities Inc. is acting as co-lead financial advisor to Softchoice. Origin Merchant Partners is acting as an independent financial advisor to the Board of Directors of Softchoice. TD Securities Inc. and RBC Dominion Securities Inc. acted as fairness opinion provider to the board of directors of Softchoice and Origin Merchant Partners acted as fairness opinion provider to its Special Committee. Stikeman Elliott LLP is acting as legal advisor to the Softchoice. BDT & MSD and BofA Securities are acting as financial advisors to WWT, while Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP are acting as legal advisors to WWT. Duyuru • Nov 08
Softchoice Corporation Declares Quarterly Dividend for the Period from October 1, 2024 to December 31, 2024, Payable on January 10, 2025 On November 7, 2024, the board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per common share for the period from October 1, 2024 to December 31, 2024 to be paid on January 10, 2025 to shareholders of record at the close of business on December 31, 2024. Duyuru • Oct 07
Softchoice Corporation to Report Q3, 2024 Results on Nov 08, 2024 Softchoice Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024 Duyuru • Aug 09
Softchoice Corporation Declares Quarterly Dividend for the Period from July 1, 2024 to September 30, 2024, payable October 11, 2024 Softchoice Corporation declared a quarterly dividend of CAD. $0.13 per Common Share for the period from July 1, 2024 to September 30, 2024 to be paid on October 11, 2024 to shareholders of record at the close of business on September 30, 2024, representing an approximate 18% increase over Third Quarter 2023. The dividend to which this notice relates is an eligible dividend for tax purposes. Duyuru • Jul 10
Softchoice Corporation to Report Q2, 2024 Results on Aug 09, 2024 Softchoice Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024 Duyuru • May 31
Softchoice Corporation Elects New Director, Martha Tory At the AGM, held on May 30, 2024, Softchoice Corporation's shareholders elected one new director, Martha Tory. Duyuru • May 09
Softchoice Corporation Declares Quarterly Dividend for the Period from April 1, 2024 to June 30, 2024, Payable on July 12, 2024 On May 7, 2024, the Board of Softchoice Corporation declared a quarterly dividend of CAD 0.13 per Common Share for the period from April 1, 2024 to June 30, 2024 to be paid on July 12, 2024 to shareholders of record at the close of business on June 28, 2024, representing an approximate 18% increase over Second Quarter 2023. Duyuru • Apr 09
Softchoice Corporation to Report Q1, 2024 Results on May 08, 2024 Softchoice Corporation announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Duyuru • Mar 19
Softchoice Corporation, Annual General Meeting, May 30, 2024 Softchoice Corporation, Annual General Meeting, May 30, 2024. Duyuru • Feb 02
Softchoice Launches Subscription Licensing Services Softchoice has launched SAM+, a suite of software asset management solutions and services to efficiently manage the complexities of subscription-based licensing. SAM+ comprises solutions for every stage of the subscription journey, including assessment, planning, transition, and deployment and adoption services that can be implemented independently or integrated, depending on an organization's maturity. With more than 680 technical resources, including partner-specific experts, Softchoice currently manages more than 6,400 enterprise agreements and software contracts, and delivers more than 630 software assessments and more than 1,000 Software Lifecycle Service engagements annually. Customers benefit from Softchoice's extensive multi-vendor support, with industry partnerships across major software vendors, including Microsoft, VMware, Cisco, Adobe, and Red Hat. A range of high value and low commitment offers with several fully funded services also mean that companies partnering with Softchoice can see cost savings without upfront investments. Duyuru • Jan 30
Softchoice Corporation to Report Q4, 2023 Results on Mar 05, 2024 Softchoice Corporation announced that they will report Q4, 2023 results Pre-Market on Mar 05, 2024